I found the theories of "The perplexing Varoufakis" to be provocative. As an amateur historian, I think the transition from feudalism to capitalism was very complex and took a very long time. It was also uneven, which is why it would have been confounding to Marx that the first revolution using marxist "talking poi…
I found the theories of "The perplexing Varoufakis" to be provocative. As an amateur historian, I think the transition from feudalism to capitalism was very complex and took a very long time. It was also uneven, which is why it would have been confounding to Marx that the first revolution using marxist "talking points" was in relatively backwards Russia instead of Germany.
AI is probably inevitable as a productivity enhancement, but I think increased regulation of the tech companies and increased corporate taxes is also inevitable. I think there will be a reaction against peak profit margin capitalism somewhere between the New Deal and Progressivism.
Thanks so much David. It's really nice to chat with you in the response to them! Yeah, I think for sure there will be much back-and-forth as history advances. I am intrigued by Varoufakis' basic analysis: capitalism exists as a parasite/supplement to feudalism but then becomes its own economic entity; cloud capital can evolve in a similar dynamic towards capitalism. Maybe this is too simple and overstates cloud capital? But it feels intuitively right to me.
I love these Curations.
I found the theories of "The perplexing Varoufakis" to be provocative. As an amateur historian, I think the transition from feudalism to capitalism was very complex and took a very long time. It was also uneven, which is why it would have been confounding to Marx that the first revolution using marxist "talking points" was in relatively backwards Russia instead of Germany.
AI is probably inevitable as a productivity enhancement, but I think increased regulation of the tech companies and increased corporate taxes is also inevitable. I think there will be a reaction against peak profit margin capitalism somewhere between the New Deal and Progressivism.
Thanks so much David. It's really nice to chat with you in the response to them! Yeah, I think for sure there will be much back-and-forth as history advances. I am intrigued by Varoufakis' basic analysis: capitalism exists as a parasite/supplement to feudalism but then becomes its own economic entity; cloud capital can evolve in a similar dynamic towards capitalism. Maybe this is too simple and overstates cloud capital? But it feels intuitively right to me.